The Gadget Insurance Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Gadget Insurance Market?
The Gadget Insurance Global Market Report 2025 indicates that the market size has experienced rapid growth recently. It is projected to expand from $65.98 billion in 2024 to $74.13 billion in 2025, with a compound annual growth rate (CAGR) of 12.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Gadget Insurance Industry?
The Gadget Insurance Global Market is projected to reach $117.1 billion in size by 2029, growing at a compound annual growth rate (CAGR) of 12.1%.
Download Your Free Sample of the 2025 Gadget Insurance Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Gadget Insurance Market?
The key drivers in the gadget insurance market are:
• Increase in incidents of accidental damages to gadgets
• Growing penetration and sale of smartphones, tablets and other wearable technology
• Rising costs associated with gadget repairs and replacements
• Increasing use of internet and e-commerce platforms and demand for electronic devices.
Global Market Segmentation: Identifying Major Gadget Insurance Industry Segments
The gadget insurancemarket covered in this report is segmented –
1) By Coverage Type: Physical Damage, Internal Component Failure, Theft And Loss Protection, Virus And Data Protection, Other Coverage Types
2) By Device Type: Laptop And Portable Personal Computers, Mobile Phones, Tablets, Home Entertainment Devices, Cameras, Other Device Types
3) By Sales Channel: Retail, Online
4) By End User: Business, Individuals
Pre-order the 2025 Gadget Insurance Global Market Report for Fast Delivery & Comprehensive Insights!
What are the emerging Trends Shaping the Future of the Gadget Insurance Market?
The key trends in the gadget insurance market are:
• The introduction of innovative multiple gadget insurance services is a major emerging trend.
• The integration of blockchain technologies in the gadget insurance sector is becoming increasingly prevalent.
• Significant technological advancements are shaping the future of the market.
• There's a growing trend of incorporating Internet of Things (IoT) telematics in the gadget insurance industry.
Who Are the Top Competitors & Leading Players in the Gadget Insurance Market?
Major companies in the gadget insurance market are:
• Apple Inc
• Samsung Electronics Co Ltd
• Allianz SE
• AT& T Inc.
• AXA Group
• Progressive Casualty Insurance Company
• Chubb Limited
• Nationwide Building Society
• Assurant Inc
• Asurion LLC
• Geek Squad
• Admiral Group PLC
• Adrian Flux
• SquareTrade Inc
• Endsleigh
• Lemonade Inc
• Trustpilot
• Bolttech Mannings Inc
• OneAssist Consumer Solutions Pvt Ltd
• Worth Ave Group
• Acumen Insurance Services Ltd
• i-Digital Insurance
• Switchd
• Tinhat Insurance Services Ltd
Regional Dominance: Which Area Leads the Global Gadget Insurance Market?
North America was the largest region in the gadget insurance market in 2024
